Tag: blockchains

“The bank demonstrated a prototype of its blockchain-based platform for capital markets, called Dromaius, on Wednesday at the Consensus 2018 conference” writes Sara Castellanos for wsj.com. Photo: Sara Castellanos / The Wall Street Journal NEW YORK — J.P. Morgan Chase & Co. is experimenting with the way blockchain could help cut costs and facilitate smoother transactions within capital markets, where securities are bought and sold.Moy and her blockchain team have the support of Lori Beer, global chief information officer for J.P. Morgan.J.P. Morgan joins other banks including Banco Santander S.A.…

“Blockchain provides digital wallets for people to store their cryptocurrencies in and over 24 million around the world use Blockchain’s wallets” writes Finanzen Net Gmbh for businessinsider.com. The Tsukemen deal means Blockchain will now have offices in four cities across the world: London, New York, Luxembourg, and San Francisco.Tsukemen is an early stage app-development company founded by Thianh Lu, who previously founded and sold file-sharing product Cloudup.LONDON — Blockchain, the world’s biggest provider of digital wallets, is establishing a presence in San Francisco for the first time after acquiring Bay…

“Private Blockchains: Challenges and Gaps.) The third category of blockchains is the permissioned blockchains, which allow a mixed bag between the public and private blockchains with lots of customization options” writes Shobhit Seth for investopedia.com. This article looks at the key differences between the public, private and permissioned blockchain networks.Broadly speaking, public and private blockchains are the two most common flavors used heavily among the various cryptocurrency networks and the private enterprises.If one needs to run a private blockchain that allows only selected entry of verified participants, like those for…

“As excited as I am about the potential of blockchain systems, I am humbled by the realization that we have only just scratched the surface on how to build this systems properly” writes Jeremy Epstein for venturebeat.com. Instead of thinking of blockchains as investment bets or just cool technology, think of them as entirely new, and previously impossible, economic systems.A mastery of crypto-token economics is critical to the design of robust, sustainable blockchain economies. Source: venturebeat.com Share This:

“The report suggested Google is thinking about developing its own blockchain technology for security features within Google Cloud, the same day its cloud division unveiled several new security-oriented services at an event in New York” writes Tom Krazit for geekwire.com. For the moment, “potential” seems to be the key word when it comes to uses of blockchain tech outside of cryptocurrencies.Bloomberg reported Wednesday that Google is developing its own version of blockchain technology, which is the the underpinning for Bitcoin and something the tech world is eyeing very closely.It’s not…

“Google, Goldman Sachs And Citigroup Are Preparing For A Blockchain Future A new report tallies corporate investments in blockchain technology and these three companies are among the top five” writes Alexandra Kerr for investopedia.com. Blockchain technology could be used for managing records, tracking expenditures or even to develop a pension cryptocurrency.Microsoft launched the group to hook up firms with blockchain technology with those that need it. Blockchain technology is being taken seriously by the financial sector as it may prove to be a great disrupter to the traditional banking industry.As…

“The other major kind of blockchain killer-apps will likely deal with identity management and data security” writes Irving Wladawsky-berger for wsj.com. A major part of the reason is that we still don’t have the kind of easy-to-explain blockchain killer-apps that propelled the internet forward.Consequently, there’s no one overall owner responsible for security, let alone identity management, over the internet.In addition, outside of digital currencies, blockchain applications are primarily aimed at institutions.Identity management and data sharing. Source: wsj.com Share This:

“In reality, blockchain is one of the most overhyped technologies ever” writes Preston Byrne for marketwatch.com. Blockchain investment propositions routinely make wild promises to overthrow entire industries, such as cloud computing, without acknowledging the technology’s obvious limitations.NEW YORK (Project Syndicate) — Predictions that Bitcoin BTCUSD, -5.56% and other cryptocurrencies will fail typically elicit a broader defense of the underlying blockchain technology.For their purposes, a single globally distributed blockchain such as Ethereum would never be useful. Source: marketwatch.com Share This:

“All of this show the current cryptocurrencies are not exactly suited to fight corruption either” reports newsbtc.com. New currencies will need to be introduced to fight corruption accordingly.Both cryptocurrencies and blockchain may prove to be of great value in this regard. Source: newsbtc.com Share This: